St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-07
FIN A Mccall.
New York.

NEW YORK, April 6.-Money on call easy
at 51%97 per cent, closed offered at 3. Prime
mercantile paper 6. Sterling exchange quiet,
but steady at $3.50 for sixty-day bills and
81 S612 for demand. The stock market to-
day was somewhat less active. but was fever
ish and somewhat Irregular and displayed
more decided weakness. The realizing sales
assumed larger proportions, the supply of
stocks coming from all sources. The WIDEN
ing entirely of speculation, however. started
the market to absorb the offerings and after
contning declines within fractional limits
moderate rally was brought about. The
coal stocks, with Union Pacific and Fort
Worth u Denver, absorbed most of the inter-
est, the Changers and trunk lines shares
being comparatively neglected. The move
ment in the coalerS, which has for its basis
the expectation of increased tolls for the year
to come together with more amaciable rea-
on with different roads, was not sufficient to
maintain the high prices of yesterday
under the pressure of long stocks for sale.
Union Pacific advanced sharply inn the
forenoon, for which the presence OF
President Adams was for the most part re-
SponSible the Inference being that be was
here to conclude the lease of the Oregon
Navigation. The Improvement was partly
lost later in the day upon sales for Boston ac-
count. Among the SpecialtieS which showed
particular strength and activity were the
San Francisco and Atlantic s. Pacific securi-
UieS. une DuylHS DeluS cHleIy upon the 1aVOr-
able showing OF earnings. Evansville s. Terre
Haute also advanced sharply. The opening
was somewhat irregular but generally firm,
at small fractions above last evenings final
figures. The market was
EXTREMELY ACTIVE
in the forenoon, but was heavy throughout
Fort Worth IL Denver being ecidedly weak
Union Pacific was very strong, although the
advance eliminated before the end of the
first hour. The decline was checked before
noon and q marked decrease in the business
was noticeable thereafter; the tone under
went Il change at the same time and small
fractions were gained throughout the list be-
fore 2 p. m, Jersey Central being conspic-
uous with gain of per cent. The realiz-
ing, however, was renewed in the last hour
and the market closed heavy at or near
the lowest prices Of the day. Sales, 459, COS.
Railroad bonds were more active, but the in
creased business done was entirely on the
Atlantic Il Pacific incomes, which furnished
considerably over One-third of the total days
business their sales aggregatng Sl,264, 900
out OF Il total days business of S3,201, 900.
The only other active issue was the Fort
Worth & Denver lists with sales of $3.50, 600.
The first named bonds with the San Francisco
general mortgages were prominent for
strength, while the general list is barely firm
Closing prices generally showed advances.
Government and state bonds were duh and
steady. The total sales of stocks to-day were
45S, 0G5 shares, including:
Canada Southern 3.340 n. P. preferred 1921
Del Lack. & Willis Oregon Trans. 1855
Del. & Hudson. 4.402 Pacific Mail. 80. 9,7Il
Erie. S,210 Reading lis, $50
Kan. s. Texas. 1886 st. Paul IL, GIG
Lake Shore. 49,. 6,320iTeXas Pa"iIic. $50
louisville s. N. 1856 Union Pacific Al, 400
Missouri Pac.... $500 Western Union. IA 26O
New Jersey Cen.17 ,G07